What is new zombie''s rate of economic growth

Assignment Help Econometrics
Reference no: EM131244032

1. Suppose that work hours in New Zombie are 200 in year 1 and productivity is $8 per hour worked. What is New Zombie's real GDP? If work hours increase to 210 in year 2 and productivity rises to $10 per hour, what is New Zombie's rate of economic growth?

2. To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quantity of capital, improved resource allocation, education and training, technological advance.

Reference no: EM131244032

Questions Cloud

Why leader must be people centric in order to create an edge : Discuss the nature and types of challenges facing the leader in the 21st century and Explain why the leader must be people centric in order to create a competitive edge.
Write a research proposal and a literature review : Write a research proposal. The topic is bhp billiton and rio tinto financial report analysis and which company is doing better in the mining sector in Australia and why ?
Explain why there are restrictions of the domain : Find (f*g)(x) for f(x)=x+4 and g(x)=x+5. What is the domain of f(x)=2/x^2+x-12. What is the domain of 2x^3-5x^2+2x-10. Explain why there are restrictions of the domain for the function f(x)=1/x-2
What were the percentage changes in nominal gdp : What were the percentage changes in nominal GDP and real GDP for the most recent quarter? What accounts for the difference?
What is new zombie''s rate of economic growth : To what extent have increases in U.S. real GDP resulted from more labor inputs? From higher labor productivity? Rearrange the following contributors to the growth of productivity in order of their quantitative importance: economies of scale, quant..
How many failed because of exactly two of the three reasons : a. How many failed because of exactly two of the three reasons? b. How many failed because of poor attendance and not studying but not because of not turning in assignments? c. How many failed because of poor attendance and not turning in assignments..
How icv be used in network communication to detect errors : Briefly explain how an integrity check value (ICV) may be used in network communication to detect errors. When using an ICV, explain why a message might be transmitted correctly but the receiver believes the message contains an error (a false negativ..
Discuss the financial health of company : Write a five- to seven-page financial statement analysis of a public company. - Discuss the financial health of this company with the ultimate goal of making a recommendation to other investors.
What are the four supply factors of economic growth : Suppose that Alpha and Omega have identically sized working-age populations but that annual hours of work are much greater in Alpha than in Omega. Provide two possible explanations.

Reviews

Write a Review

Econometrics Questions & Answers

  Calculate the effective interest to compound quarterly

What sum should you deposit into an account to yield 20 year end payments, starting with $10,000 at the end of the first year and increasing by 4% each year at an interest rate of 8% compounded quarterly.

  How coldwell banker can produce same output at lower cost

Coldwell Banker is employing 10 acres of land and 50 tons of cement to produce 1,000 parking spaces. Land costs $4,000 per acre and cement costs $12 per ton. For the input quantities employed, MP L = 50 and MP C = 4.

  How many units should be ordered each time an order is place

Everett Mann's Dream Store sells waterbeds and supplies. The best selling bed in the store has an annual demand of 400 units. The ordering cost is $40, while the holding cost is $5 per unit per year. There are 250 working days per year, and the le..

  What are the various ways you could accomplish this

Let's say that your goal is to raise the rate of saving in the United States by 3 percentage points. What are the various ways you could accomplish this? Which of your solutions do you favor?

  What is volume of production to minimize production cost

A company makes a piece whose income is 100-0.02n marginal and total cost is \(0.0002n^{2} 10000\) . Where n is the volume of production. What is the volume of production to minimize unit production cost, maximize profit and break even point

  Find the elasticity of demand at profit maximising output

A monopolist faces the demand curve Q = 60-P/2. The cost function is C=Q2. Find theoutput that maximises this monopolist's profits. What are the prices at profits and thatoutput? Find the elasticity of demand at the profit maximising output

  Determine will unions be more likely to raise the wage

Workers in Wet Seal and Forever 21 stores are considering forming unions in each store. The potential unions have information on labor demand. For Wet Seal, when the wage rises from $8 to $10, Wet Seal will reduce labor demand from 800 to 700.

  Install solar panels atop a parking garage

A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500 kw, have a life expectancy of 20 years and suppose the discount rate is 10%.How big of a grant would make this project worthwhile.

  How to test for differences among the emotional stress

Psychological response of ?re?ghters. Refer to the Journal of Human Stress study of ?re?ghters, Exercise 5.5 (p. 264). Consider using the qualita- tive variable, level of social support, as a predictor of emotional stress y. Suppose that four soci..

  What are the steady state solutions for wages growth

Imagine an economy with a standard Cobb-Douglas production function, population growth of 2%, 1% total productivity growth, a savings ratio of 10% and a profit share of 20%. Assume that machines depreciate by 5% per annum.

  Will any of the two banks survive the crisis

Two banks have lent $20million each to a country in an Emerging Market. Bank A has total assets of $220 million and a capital to total assets ratio of 7 percent. Bank B has total assets of $350 million and a capital to total assets ratio of 6 per..

  What is the long-run cost and long-run average to produce

What is the long-run cost and long-run average to produce 120 units 180 units 240 units are there economies the output range 120 to 180 are there diseconomies between 180 and 240 Q L K 120 4 20 180 6 ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd